BEIJING, March 9 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports &
Entertainment Limited ("XSEL", Nasdaq: XSEL), a leading sports and
entertainment media company in China, today announced that it will release
financial results for the fourth quarter and full year ended December 31, 2009
on April 20, 2010, after the US markets close. XSEL had previously announced
that the earnings release would be issued on April 1, 2010. XSEL's earnings
release and related materials will be available on the investor relations page
of its website at http://www.xsel.com/earnings .
Following the earnings announcement, XSEL's senior management will host a
conference call on April 20, 2010 at 8:00 pm (New York time) (April 21, 2010
at 8:00 am (Beijing time)) to discuss the fourth quarter and full year of 2009
and recent business activities.
Interested parties may dial into the conference call at (US) +1 800 510
0178 or +1 617 614 3450 / (UK) +44 207 365 8426 / (Mainland China) +10 800 130
0399 / (Hong Kong) +852 3002 1672, Passcode: 11315182. A telephone replay will
be available two hours after the call for one week at (US Toll Free) +1 888
286 8010 and (International) +1 617 801 6888, Passcode: 39523661.
A real-time webcast and a replay of the webcast will be available at:
http://www.xsel.com/earnings-webcast .
About XSEL
Xinhua Sports & Entertainment Limited ("XSEL," NASDAQ: XSEL) is a leading
sports and entertainment media company in China. Catering to a vast audience
of young and upwardly mobile consumers, XSEL is well-positioned in China with
its unique content and access. Through its key international partnerships,
XSEL is able to offer its target audience the content they demand -- premium
sports and quality entertainment. Through its Chinese partnerships, XSEL is
able to deliver this content across a broad range of platforms, including
television, the Internet, mobile phones and other multimedia assets in China.
Along with its integrated advertising resources, XSEL offers a total solution
empowering clients at every stage of the media process linking advertisers
with China's young and upwardly mobile demographic.
Headquartered in Beijing, the company employs more than 1,000 people and
has offices and affiliates in major cities throughout China including Beijing,
Shanghai, Guangzhou, Shenzhen and Hong Kong. Xinhua Sports & Entertainment
Limited shares are listed on the NASDAQ Global Market (NASDAQ: XSEL). For more
information, please visit http://www.xsel.com .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," ''confident'' and similar
statements. Among other things, any quotations from management in this
announcement contain forward-looking statements. Statements that are not
historical facts, including statements about XSEL's beliefs and expectations
are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties that could cause actual results to differ materially
from those contained in any forward-looking statements. Potential risks and
uncertainties include, but are not limited to, risks outlined in XSEL's
filings with the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F. All information provided in this press release is as of
the date hereof, and XSEL undertakes no duty to update such information,
except as required under applicable law.
For more information, please contact:
Media Contact:
Joy Tsang, XSEL
Tel: +86-10-8567-6050
Mobile: +86-136-2179-1577
Email: joy.tsang@xsel.com
IR Contact:
Edward Liu, XSEL
Tel: +86-10-8567-6061
Email: edward.liu@xsel.com
Howard Gostfrand, American Capital Ventures
Tel: +1-305-918-7000; toll free +1-877-918-0774
Email: info@amcapventures.com
SOURCE Xinhua Sports & Entertainment Limited
